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Madoff May Be Prepping Guilty Plea

March 6, 2009 RSS Feed Print

The world's biggest Ponzi scheme could end with a guilty plea. So says the AP:

Prosecutors have filed a motion indicating that Bernard Madoff may be ready to plead guilty to a sweeping financial fraud.

The U.S. Attorney's office indicated Friday in a brief court that Madoff is ready to waive an indictment. Such language is used when plea deals are ready to happen.

Madoff is accused of orchestrating one of the biggest financial frauds in history, a scheme that wiped out the life savings of investors around the world.

A message left for Madoff's lawyer was not immediately returned.

Prosecutor's spokeswoman Rebecca Carmichael declined to comment.

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Madoff should get the Death penelty for all the people whom commited suicide from losing their life savings. All the people who are going to die from not having shelter or food or medical services. All the kids that cannot go to college. What he did was Worse then 9/11 because more then 3000 people are going to die because of him.

Jude Wilson of IA 9:04AM March 12, 2009

take some deal that leaves Madoff's wife untouched and in possession of millions, the prosecutors ought to be fired. No way on earth this was a one-man show.

Muser of NM 1:00PM March 06, 2009

Now that the 'recoverable' money has been found, it's time to plead and negotiate. Http://www.InsideTheCourt.com

P.T.Barnum of OH 12:30PM March 06, 2009

Madoff May Be Prepping Guilty Plea

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